A rare alliance of healthcare rivals — a giant insurance company, a major hospital chain and a large doctors group
— has managed to reduce healthcare costs through a radical new strategy: working together.
The collaboration among Blue Shield of California, Catholic Healthcare West and Hill Physicians Medical Group shaved more than $20 million in costs last year and prevented an insurance rate hike for public sector workers in Northern California.
The three partners cite evidence that the quality of care also improved: Hospital stays were shorter, readmissions dropped and doctors and nurses kept closer tabs on patients.